2 DURHAM ROAD
Recent sale
£60k
Sale price
£/sqft
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Rent pcm
-
Yield
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Estimate of £80k for this mid terrace house. - sales in DL17 in the last 12 months; median -.
Buy-to-let cashflow + capital returns
Modelled on the live asking price. Assumed, as in the PDF report: 25% deposit, 5.25% interest-only mortgage, management 10% of rent, insurance £40/mo, maintenance £60/mo, legal, survey and broker £2,100. Refurbishment, voids and letting fees are not costed.
| Year | Property Value | Equity | Cashflow (cumulative) | Total Return | ROI |
|---|---|---|---|---|---|
| Year 1 | £180,000 | £45,000 | -£1,272 | -£1,272 | -2.2% |
| Year 2 | £180,000 | £45,000 | -£2,400 | -£2,400 | -4.2% |
| Year 3 | £180,000 | £45,000 | -£3,393 | -£3,393 | -5.9% |
| Year 4 | £180,000 | £45,000 | -£4,235 | -£4,235 | -7.4% |
| Year 5 | £180,000 | £45,000 | -£4,924 | -£4,924 | -8.6% |
Modelled on the live asking price. No growth data for the area: the value is held flat (0% a year). Rent grows 2% a year (assumed); management is 10% of each year's rent. Mortgage held interest-only at 5.25% for 5 years. Refurbishment, voids and letting fees are not costed. ROI is on cash required (£57,200).
No forecast available.